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cnbc.com
Tesla unveils long-delayed Roadster developed with SpaceX, fueling merger speculation
Elon Musk first debuted the Roadster refresh concept in 2017 but Tesla has since missed every targeted delivery date.
theguardian.com
IMF suggests UK should cut spending rather than raise taxes on banks, as Healey prepares budget raid – business live
Rolling coverage of the latest economic and financial newsJohn Healey poised to raise taxes on banks in budgetElsewhere in the markets today, South Korea’s Kospi share index has recorded its biggest weekly loss since October 2008, down 14.5% this week.Although the Kospi did rise today (+2%), it was still a bad week for technology stocks – as investors worried about the borrowing, spending commitments and future profitability of AI companies.The reality is that while companies embraced AI aggressively as it first emerged, now they are figuring out how to use it effectively while keeping AI costs under control. A slowing, more careful, path towards corporate adoption has been missed by the market which remained wildly frothy about valuations.“A UK bank tax risk is now a base case. If it is confirmed on 28 October, it’ll be the size and timing that will be key.If Healey does go ahead, shares of Lloyds and NatWest, which are almost entirely exposed to the UK, would likely be impacted most, and you are seeing this already in the share price reaction today. Barclays is partly exposed. HSBC is least exposed in the mix.” Continue reading...
theguardian.com
Neet rates higher in England’s smaller cities and towns than in biggest cities
Initiatives to address youth employment crisis and offer training are being launched in towns such as TelfordSmaller cities and towns across England have higher rates of young people not in employment, education or training than the nine largest cities, analysis shows.The Centre for Cities, an independent thinktank dedicated to improving the economies of the UK, used 2021 census data to work out the rates across 41 cities and towns in England. Continue reading...
theguardian.com
The ultra-rich are spending one million dollars a day fighting California’s proposed billionaire tax
Tech billionaires have raised more than $340m to defeat Prop 40, a one-time 5% wealth tax that will fund healthcare and educationTech billionaires have been dumping hundreds of millions of dollars into the fight against a wealth tax in California. They’ve raised more than $340m, and the campaign they’re funding is spending more than $1m a day to defeat the measure, according to state financial disclosures.With the election less than a month away, those funds are being spent at a stepped-up pace. During the first 19 days of September, according to the most recent campaign filings, the opposition campaign plowed through at least $21.2m to fight the billionaire tax – surpassing $1m per day. Voters are being inundated with robotexts, mailers and advertisements that warn a tax on billionaires would “expose all Californians to higher taxes”, as one ad reads. Continue reading...
cnbc.com
Stock fixing scandal could see Turkish companies frozen out of global indexes
Turkey's status as an emerging market is also at risk.
cnbc.com
Fed's Warsh withholds rate signal, praises recent global tightening
Warsh refrained from signaling another interest rate hike this month, pointed to a "synchronous tightening" by central banks in the fight against inflation.
theguardian.com
British food and drink exports to EU collapse by more than a third since Brexit
NFU analysis of official data shows falls in exports to UK’s largest trading partner since 2019 include 70% for sugar and 74% for egg productsExports of British food and drink to the EU have collapsed by more than a third since Brexit with eggs, chicken and potato producers badly hit, new figures show.Analysis by the National Farmers’ Union (NFU) of HMRC data shows a sharp fall in exports in the year to July compared with the same period in 2019, with sugar dropping the most, down 70%. Continue reading...
bbc.co.uk
Watch: Did Tesla really just unveil a flying car?
Tesla CEO Elon Musk showcased the vehicle at a facility owned by his SpaceX company, which helped develop the model.
cnbc.com
Elon Musk cash infusion helps GOP Senate super PAC raise record $273 million
Elon Musk gave a record $158 million to the GOP’s Senate Leadership Fund, boosting its war chest as Republicans pour money into Texas to defend Ken Paxton.
cnbc.com
Europe's answer to SpaceX pops 19% as Ukraine's Starshield limits raise concerns
Eutelsat's shares soared this week and continued climbing on Friday as its competitor Starshield drew criticism over its limitations in Ukraine.
theguardian.com
How to dress a tech oligarch: The Social Reckoning’s costume designer on Zuckerberg’s style evolution
Susan Lyall worked with actor Jeremy Strong to research the Meta CEO’s favorite Nikes and luxury sweatersThe first Aaron Sorkin Facebook movie, 2010’s The Social Network, helped cement the early aughts image of Mark Zuckerberg rebelling against corporate norms in rumpled hoodies and T-shirts.The follow-up, The Social Reckoning, is carbon-dated from 2019 to 2021. This is “post-hoodie”, as the movie’s costume designer, Susan Lyall, describes it, “post-thumbing his nose” to formality. It is also peak robot. Zuckerberg’s reserved wardrobe of suits or interchangeable long-sleeved shirts echo his chilling composure throughout, even as fury simmers under the surface. Continue reading...
theguardian.com
Elon Musk reveals ‘world’s first flying car’ at Tesla event
The Tesla Roadster 2 drove up a curved ramp before using SpaceX rocket thrusters to fly, flip and landElon Musk has revealed Tesla’s latest model, which he claims will be the world’s first flying car, using technology from his aerospace company SpaceX to “basically fly like a rocket”.The billionaire, who hosted a demonstration of the Tesla Roadster 2 at the SpaceX rocket development and testing facility in Texas, said the sports car could go from 0 to 60mph in a record time of less than a second and had thrusters. Continue reading...
cnbc.com
I watched Nvidia's Jensen Huang work the room in London. He brought big checks — and a blunt message
Nvidia has a near monopoly over the most powerful AI chips and Huang courts tech execs and world leaders with ease.
cnbc.com
KFC to switch to Coca-Cola beverages in U.S. restaurants for the first time in decades
KFC is switching from PepsiCo to Coca-Cola as its beverage supplier for U.S. restaurants.
theguardian.com
‘We should all be worried’: calls grow to limit London rollout of robotaxis
Protest planned at Wayve HQ as Uber drivers fear for their future and city’s politicians demand TfL should have power over licencesFor passengers in Britain who want to try the latest ride, robotaxis are eagerly awaited: more than 100,000 are on Uber’s waitlist in London after the first UK services started in September.Others view them with trepidation. “I think we should all be worried,” said Florentina Ghiuzan, an Uber driver from Essex. “I was shocked TfL approved it so soon. I knew change would come. But I thought it would come with a solution for us.” Continue reading...
cnbc.com
Norway's $2 trillion wealth fund was frozen out of major defense companies. That may be about to change
Existing ethical rules mean the fund is not permitted to invest in companies like Lockheed Martin and Boeing.
theguardian.com
‘Clean air is not a favour’: Indonesia’s neighbours fed up with acrid haze as Singapore threatens to prosecute
Millions affected by smoke from wildfires as schools close, respiratory illnesses soar and diplomatic tensions riseSingapore is threatening to prosecute companies responsible for some of the worst fires in years in neighbouring Indonesia, as the region grows increasingly frustrated with a persistent, acrid haze that could result in diplomatic relations fraying.Lawrence Wong, the Singaporean prime minister, said his government was distributing masks to vulnerable citizens and working with countries in the region to deal with the smoke. “At the same time, we are looking into which companies may be responsible for the fires,” he said in a Facebook post on Thursday, adding that he was exploring the idea of “joint action with other countries”. Continue reading...
cnbc.com
U.S. Starlink curbs embolden Russia to intensify attacks on Ukraine, minister tells CNBC
Ukraine is seeking winter energy and air-defense support as Russian strikes intensify and Starlink limits disrupt military operations.
bbc.co.uk
Banks expect to be hit with higher taxes in Budget
Senior banking executives have told the BBC they expect to be "on the menu" in the chancellor's Budget tax later this month.
cnbc.com
Trump says he won't use nuclear weapons or send ground troops to Iran
Trump said he would not use nuclear weapons against Iran or send ground troops as the U.S. reportedly weighs new strike options.
cnbc.com
CNBC Daily Open: Warsh holds cards close on Fed policy, but inflation numbers may tip his hand
Kevin Warsh offered markets few clues in his final public appearance before the central bank's October meeting.
theguardian.com
Ofgem could force energy suppliers to pay rivals if they lure customers with cheaper deals
Regulator for Great Britain weighs up reintroducing market stabilisation charge to prevent firms going bustEnergy suppliers could be forced to pay a charge to rivals if they lure customers with cheaper deals, as the industry regulator for Great Britain attempts to prevent suppliers going bust this winter.Ofgem has published a consultation on a proposal to reintroduce the market stabilisation charge (MSC), which aims to prevent suppliers failing if there is customer exodus, as it frets over the impact of sharp swings in energy prices linked to the conflict in the Middle East. Continue reading...
theguardian.com
AI threatens democracy. But we are not powerless: here’s how to fight back | Carine Fouteau
Tech platforms pillage public-interest journalism for profit. But we have leverage as they sow the seeds of their own downfallCarine Fouteau is president and publishing director of the French investigative news outlet MediapartBig tech companies pose an immeasurable threat: socially, politically, militarily and ecologically. They are also causing a profound crisis of information. The tools they design now serve as weapons of mass destruction against democracy. There is so much at stake that an urgent and broad mobilisation is required.From the harvesting of personal data and the weaponisation of public opinion, to the destruction of jobs, the infringement of civil liberties and environmental damage, ordinary citizens are the main victims of this predatory economy – an economy with an agenda that aligns with the interests of the planet’s most authoritarian and reactionary states.Carine Fouteau is president and publishing director of the French investigative news outlet MediapartMediapart is hosting Hacking Big Tech, a public event about technology, AI and democracy in partnership with the Guardian, in Paris on Saturday 17 October 2026. The conference will be live-streamed free on Mediapart’s website, app and YouTube channel and can be accessed here from 1pm CEST on 17 October Continue reading...
theguardian.com
Revealed: VW, Ford and Tesla batteries linked to destructive deforestation of indigenous lands
Mines in supply chains of western carmakers linked to widespread deforestation of primary rainforest in nickel-rich lands inhabited by Tolaki people in IndonesiaVolkswagen, Ford and Tesla are among the electric carmakers whose batteries may contain nickel mined in indigenous woodlands plagued by deforestation, an analysis has found, highlighting the struggle to make vehicles that are free from environmental destruction.Corporate disclosures and trade flows from the last two years show mines in the battery supply chains of automotive giants are linked to the loss of trees in Sulawesi, a wildlife hotspot in Indonesia that houses the world’s largest nickel deposits. The metal is widely used in cathodes in car batteries because it boosts energy density and increases range. Continue reading...
theguardian.com
From Dallaglio’s medals to Cantona’s shorts, sporting memorabilia is big business | Emma John
Like transfer fees and ticket prices, mementoes are one more marker of sport’s rampant self-inflationThe auctioneer cradled his gavel in his palm like a pipe, the handle pointing towards him. It gave his patter the air of a Victorian gentleman holding forth by the mantelpiece in a period drama. “Are you bidding, Wilf? You’re waving at me.” Under the hammer was a Barclays Manager of the Month trophy, complete with travel case, but no indication of which Premier League luminary once owned it. It outstripped its estimate and sold for £700.An hour and a half into what Budds auction house dubbed its “Octoberfest” of sporting memorabilia, David Convery at the podium showed no sign of fatigue, save the occasional swig from a water bottle. There were 332 lots in total; Convery regularly manages sales with twice as many. In his three decades as an auctioneer he’s even secured some world-record prices, from the oldest surviving FA Cup to Pelé’s 1970 World Cup final shirt. Continue reading...
cnbc.com
Marco Rubio to visit Indian billionaire Ambani's refinery in Gujarat as U.S. diesel prices surge
Not only is Ambani's Reliance investing in a U.S. refinery and buying Venezuelan oil, but its strong ability to supply diesel has put Jamnagar on the map during Rubio's visit.
cnbc.com
What to know about Starshield, SpaceX's military-focused Starlink service
Elon Musk distinguished Starshield from Starlink, which he said could not be used for offensive military operations.
cnbc.com
Russia returns to G20 table in Bangkok on U.S. invitation that angers Europe
Russia’s return to the G20 table has tested how far Washington’s outreach to Moscow will strain ties with European allies.
theguardian.com
Homes with striking interiors for sale in England – in pictures
From a brick stable block renovated into an eco home to a Georgian townhouse painted in atmospheric shades of grey Continue reading...
cnbc.com
One Singapore ship was sunk, but here's why others are still transiting the Strait of Hormuz
Singapore vessels are set to continue navigating the perilous Strait of Hormuz despite attacks on two container ships, said maritime experts.
bbc.co.uk
Fuel costs squeezing margins for some businesses
Diesel recently topped £2 per litre and there is concern that a duty freeze will not go far enough.
bbc.co.uk
'TV and cheap booze' blamed for landlord quitting
Lincolnshire has lost 27% of its pubs and bars since 2009 and some are calling on the government to act against cheap supermarket booze.
theguardian.com
The right’s scrounger rhetoric dominates the benefits debate. Labour must fight back – and win | Frances Ryan
The prime minister has a once-in-a-generation chance to reintroduce fairness to the system. He has to seize the momentBack in 2009, months before the coalition government unleashed sweeping austerity, the then Conservative backbencher Iain Duncan Smith produced a study that would go on to lay the foundations for the rollout of universal credit. Now, nearly two decades later, Duncan Smith and his thinktank, the Centre for Social Justice (CSJ), has published State of Dependency: a landmark report promising to expose “the full scale of Britain’s worklessness crisis”.The study paints a picture of mass benefits reliance: it identifies 3,400 local areas where more than half the working-age population are on out-of-work benefits, or “economic opiates”, as the authors call them. They’ve even provided an interactive map (in the yellow and black colours of a road hazard sign, no less) so members of the public can type in their postcode to see if their neighbourhood is “a welfare hotspot”.Frances Ryan is a Guardian columnist Continue reading...
theguardian.com
Repairing Brexit economic damage should be Burnham’s top priority, business chief says
Shevaun Haviland argues PM is right to revisit Labour’s EU red lines as current trading relationship is bad for businessRepairing the economic damage of Brexit should be the top priority for Andy Burnham as he reconsiders Labour’s red lines on EU membership, the head of one of Britain’s leading business groups has said.Shevaun Haviland, the director general of the British Chambers of Commerce (BCC), said she welcomed the prime minister reopening the Brexit battle lines despite the uncertainty it could create, arguing that the UK’s current trading relationship with the EU was bad for business. Continue reading...
theguardian.com
Commercial kitchen staff exposed to high levels of air pollution, study finds
US research says nitrogen dioxide in restaurants that cook with gas can exceed WHO limits, which also affects dinersEach time we enjoy a meal out or order a takeaway, someone cooks for us in a commercial kitchen. In the UK, 3.6 million people work in catering and hospitality. In the US it is estimated at close to 16 million. A first-of-its-kind study in the US has found catering staff can experience high air pollution at work – and that this can affect diners too.Dr Drew Michanowicz, senior author of the study at non-profit research institute PSE Healthy Energy, said: “I was motivated by what we have learned over the years about what just 30 minutes of gas cooking can do to air quality in homes with the realisation that millions of people cook for a living for hours on end.” Continue reading...
bbc.co.uk
Ship attack reports near Hormuz reach record high as oil exports slow
BBC Verify analysis of data from a UK maritime agency shows 12 vessels were struck in a week.
cnbc.com
The IPO drought is driving private equity-owned companies to the debt market to pay investors
Private equity firms are increasingly using debt-funded dividend recaps to return cash to investors as exits remain subdued.
theguardian.com
Number of cloned number plates on UK roads at record high, data shows
More than 11,400 drivers last year were fined for offences they did not recognise as RAC says system needs reformThe number of reported “cloned” vehicles involved in offences on UK roads has reached a record high, official data shows.More than 11,400 drivers contacted the DVLA last year after being issued with fines for offences they said they did not recognise or accept responsibility for – most of which are believed to be down to cloning, where a number plate is copied fraudulently on similar vehicles to avoid enforcement cameras. Continue reading...
theguardian.com
‘A completely unique opportunity’: the secretive process that will decide the BBC’s future – podcast
Every decade, the BBC’s continued existence must be secured through an elaborate multi-year negotiation with the government. But what does charter renewal actually involve – and will it secure the BBC’s long-term future?By Barbara Speed. Read by Carlyss PeerRead the text version hereSupport the Guardian today: theguardian.com/longreadpod Continue reading...
theguardian.com
‘People’s dignity, and democracy, is at stake’: meet the economist ditching ideology for reality
Exclusive: Isabella Weber prescribes a common-sense solution to poverty, inequality and fascism – making life’s essentials affordable for allThe trouble with economists, Isabella Weber believes, is they do not behave like dentists. They obsess over ideological purity and are inflexible when searching for solutions, regardless of society’s symptoms. Dentists have no such pretensions – patients have little patience for dogma when in insufferable pain.John Maynard Keynes, Weber clarifies in the canteen of the Wissenschaftskolleg zu Berlin (Berlin’s Institute for Advanced Study), was the first to draw this dental comparison – and she is running with it. As she sees it, the symptoms could not be more severe. “The status quo for the majority is entirely unbearable,” while extreme inequality and corporate concentration has reached levels “simply incompatible with democracy” worldwide. This is exacerbated by a climate crisis that “generates massive windfall profits” for big business as the “ecological foundations of our lives disintegrate”. All the while the far right is making hay. Continue reading...
cnbc.com
Hybe shares jump 10% as K-pop sensation BTS' tour lifts earnings hopes
BTS' world tour and rising global demand for newer K-pop acts are fueling earnings expectations, sending Hybe shares soaring.
cnbc.com
India's rupee forecast to weaken toward 100-per-dollar level even as RBI pushes back
The RBI's latest moves have helped the rupee recover from 96.79 rupees per dollar to the 95-level over recent days.
theguardian.com
Meta releases Muse Spark Open, a new ‘open-weight’ AI model
Meta says Muse excels at ‘multi-step reasoning’ and ‘complex software engineering’ as it races to catch up to Chinese rivalsMeta on Thursday launched a new open-weight AI model which it claims rivals, and in some cases outperforms, similar products from leading Chinese developers.Muse Spark Open “is the most capable US open-weight model to date,” Meta’s chief of AI Alexandr Wang wrote on X. Continue reading...
cnbc.com
Gasping for clean air: Singapore battles relentless haze as Prime Minister Wong warns of action
Singapore continues to grapple with severe haze that is disrupting daily life and businesses, as authorities roll out protective measures — and issue warnings.
bbc.co.uk
Living with a stink? Technology might help
Smells from rubbish dumps and industrial facilities are being more carefully monitored.
bbc.co.uk
I find it quite demoralising in store - why I do all my shopping online
After Primark announced plans for home delivery, we hear from women who never go into clothes stores.
cnbc.com
Netflix Chief Content Officer Bela Bajaria is leaving, will be replaced by Peter Rice
Netflix announced Bela Bajaria will be replaced by former Disney exec Peter Rice as the company's chief content officer.
cnbc.com
People in China are spending nearly as much of their income as Americans on healthcare
Increasing government spending on healthcare could help boost consumption in China, the International Monetary Fund said.
cnbc.com
CoreWeave credit default swaps hit distress levels as investors sour on AI debt
Signs of distressed deepened in CoreWeave on Thursday.
theguardian.com
They asked for 80 homes – she gave them 157! Council-housing miracle named Britain’s best new building
Rising from bluebell woodlands and framed by rolling hills, this cluster of pink and brown brick towers in Croydon is a bittersweet winner of the prestigious RIBA Stirling prizeIf Andy Burnham is looking for inspiration for his great “council housebuilding comeback”, he would do well to visit Croydon. There, nestled into a steeply sloping site, sheltered by a canopy of mature trees, stands a cluster of crystalline pink and brown brick towers, where generous flats look on to a landscape of allotments, playgrounds and to the rolling hills of south London beyond. Designed by Mary Duggan Architects, with Ruff Architects, it is a model of council-led housebuilding – so much so that it has also been named this year’s best building in the UK, confounding the bookies’ outsider odds.Only once before has the RIBA Stirling prize ever been awarded to a council housing project, when Goldsmith Street in Norwich scooped the gong in 2019, for its rows of low-energy brick terraces, designed by Mikhail Riches Architects and Cathy Hawley. This year’s winner, Lion Green Road in Coulsdon, is an entirely different animal, and it puts a welcome spotlight back on housing design at a time when the government plans to pump £39bn into the sector. It is also a bittersweet vindication of Croydon council’s erstwhile housebuilding company, Brick by Brick, a bold and sadly brief experiment by the previous Labour administration, which was halted in 2020 when the council went bankrupt, seeing numerous projects cancelled. Continue reading...
cnbc.com
Porsche reveals Mission S concept car that previews new design identity
Porsche revealed a concept car called Mission S as part of a turnaround plan that includes efforts to boost profits through higher-end products and lower sales.
bbc.co.uk
'I'd spend $1,000 on a wedding present'
New Yorkers share how much they spend on a wedding gift - and how they decide.
theguardian.com
The water torture goes on at Thames. Sector-wide reform isn’t moving much faster | Nils Pratley
If ‘public control’ bit is delaying overhaul, that needs to be nailed down sharpish or continued uncertainty could be costlyIt is strange now to recall that Thames Water had a prominent slot on what was known as “Sue’s shit list” – the internal Labour dossier, compiled by Keir Starmer’s first chief of staff, Sue Gray, of potential crises that could erupt at short notice and force the incoming administration to make some big decisions quickly.That was July 2024. Here we are – more than two years later – and the Thames script has barely advanced. We’re still waiting to see if the financial crisis at the over-indebted, under-performing water company will be resolved by a creditor-led recapitalisation, special administration or something else. Continue reading...
cnbc.com
Apple and Meta team up to make Muse AI model run on Mac computers
Apple and Meta are collaborating to make Muse Spark Open easier to run locally on clustered Mac Studio systems, according to the companies.
bbc.co.uk
'I paid thousands to a company for jobs that never came'
Apurv Patel is one of several people who say they were promised job opportunities that did not appear.
theguardian.com
Thames Water asks for £2.4bn more to avoid going bust this year or early 2027
Water company tells creditors it will not survive long enough to agree refinancing deal without more moneyThames Water has asked its creditors for another £2.4bn as the embattled water company comes close to running out of cash.The UK’s largest water company said on Thursday it needed another short-term cash injection because it would be unable to reach a longer-term deal to sort out its giant debt pile before running out of cash by “the end of 2026 or the start of 2027”. Continue reading...
cnbc.com
TSMC chip capacity is ‘fierce’ battleground for AI customers, amid record quarter
TSMC had a record quarter, but it can't make chips for everyone as Nvidia, Apple, Broadcom and AMD fight for capacity.
theguardian.com
People in the US: what is your personal ‘recession indicator’?
We’d like to hear about whether you feel like the US is in a recession and what you think signals such a downturnNearly two-thirds of Americans think the US is experiencing a recession, according to a new Harris Poll conducted for the Guardian. By the typical definition of a recession – when a country’s economic growth is in the negative for two consecutive quarters – the US is not experiencing one. Still, Americans are facing higher prices and a stagnant job market, which for many feels like a downturn.We want to hear from Americans: do you feel like the US is experiencing a recession? What is your so-called personal “recession indicator”, or a signal in your everyday life that points to an incoming economic slump? It could be seen in your job or at your local grocery store, something you notice at your children’s school or out in your community. Tell us about it below. Continue reading...
cnbc.com
Wholesale prices jumped 6.3% annually in September, biggest gain since 2022
September producer prices were expected to increase 0.6% month over month and 5.5% annually, according to the consensus estimate by Dow Jones.
theguardian.com
Cost of balancing Great Britain’s power grid reaches nearly £50m a day
Grid operator paying large sums to switch off windfarms in areas of excess electricity generation while turning on gas plants elsewhereThe cost of balancing Great Britain’s power grid has soared to near-record highs of almost £50m a day after windfarms were turned off because of bottlenecks in transmitting power around the country.The grid operator paid £47.9m on Wednesday to turn windfarms off in areas with an oversupply of electricity and turn gas plants on in areas where supplies were tight. Continue reading...
theguardian.com
Lisa Nandy ‘minded to intervene’ in Sky’s £1.6bn purchase of ITV
Culture secretary’s move paves way for deeper scrutiny of deal that would create UK’s biggest commercial broadcasterThe culture secretary, Lisa Nandy, has said she is “minded to intervene” in Sky’s £1.6bn purchase of ITV, in a move that paves the way for deeper scrutiny of a deal that would create the UK’s biggest commercial broadcaster.Sky announced over the summer that it had reached a deal to buy ITV’s broadcasting and streaming arm, representing a big shift in the ownership of Britain’s public service media. Continue reading...
theguardian.com
Cult venue Prince Charles cinema ‘saved’ after lease renewal signed
The much-loved central London institution, which has been threatened with closure since January 2025, secures 25-year lease without break clause with current landlordsThe celebrated Prince Charles repertory cinema in London’s Leicester Square has announced that the threat of closure has been staved off by signing a new 25-year lease with its landlords.In a post on social media titled “You Saved the PCC”, the cinema said that “after 21 months of uncertainty, we’re delighted to have secured the future of the cinema” and that they had “signed a new 25-year lease with no break clause, ensuring our projectors will keep rolling for years to come”. Continue reading...
bbc.co.uk
Nandy 'minded to intervene' in Sky's £1.6bn takeover of ITV entertainment arm
The culture secretary says the deal could affect free expression in the media and the variety of Britain's news landscape.
cnbc.com
U.S. reportedly considers use of 'mother of all bombs' as Iran vows to fight on
The U.S. military has reportedly drawn up options for strikes on Iran that include the potential use of one of the biggest nonnuclear bombs in its arsenal.
theguardian.com
US lawmakers unveil bill to hold Wall Street’s ‘Epstein-connected’ bosses to account
Move comes as Senator Elizabeth Warren condemns Barclays response to questions over ex-boss’s ties to sex offenderUS lawmakers have unveiled a new bill to hold Wall Street’s “Epstein-connected” bosses to account for helping finance the late sex offender’s crimes.It came as top Democratic senator Elizabeth Warren condemned the UK bank Barclays for “dodging responsibility” over its failure to vet former boss Jes Staley and his ties to the once well-connected billionaire. Continue reading...
bbc.co.uk
Healey says surprise UK growth is 'sign of resilience' ahead of Budget
The economy grew by 0.1% in August, defying analysts' expectations of a slight contraction.
theguardian.com
Is Andy Burnham in hot water over Manchester City? – podcast
Andy Burnham is being accused of a serious misjudgment over his comments about meetings with Manchester City’s owners. Kiran Stacey discusses the controversy after returning from a trade trip to India with the business secretary, Jonathan Reynolds, and the new Greater Manchester mayor, Bev Craig, during which Stacey discovered that a representative of the football club was also present. The club was recently found guilty of 114 breaches of Premier League rules. What could the fallout mean for Burnham?You can watch Politics Weekly on our YouTube channel here Continue reading...
cnbc.com
Memory stocks are getting hammered. China and a 2029 oversupply are the big worries
SK Hynix, Samsung and Micron have been some of the hardest-hit names in the latest tech sell-off.
theguardian.com
Bad news for Trump ahead of the midterms: it’s still the economy, stupid
Voters’ opposition to the state of Trump’s economy is well established – despite his desperate attempts to deflectTell us: what is your personal ‘recession indicator’?It’s indisputable that the political polarization of our time has reduced (and confused) the influence of economic conditions on US elections.In September of 2024, in the waning weeks of the Joe Biden presidency, 65% of Republicans believed the US economy was getting worse. About six months later, as Donald Trump launched a trade war on the rest of the world with his “liberation day” tariffs, the share of Republican pessimists had dropped to 33%. Continue reading...
bbc.co.uk
AI giant Anthropic woos potential investors ahead of stock market debut
It comes as some investors have become concerned about the amount of money being spent on AI infrastructure.
theguardian.com
Is your boss watching you? The rise of AI surveillance at work - video
Workers have always been monitored by their bosses, first through output targets, and then via computer software labelled ‘bossware’. But AI is transforming the capabilities of these systems, processing huge volumes of data to provide minute-by-minute accounts of activity, and productivity. To find out more, Ian Sample hears from UK technology editor Robert Booth. He explains which sectors are adopting this approach, why they are doing it, and how it could end up being counterproductive. Continue reading...
theguardian.com
Gen Z wrestle with shame from ordering delivery food: ‘This economy is not for the weak’
As Americans use apps like DoorDash and Uber Eats more habitually, they confront the guilt of paying extra fees for convenienceTell us: what is your personal ‘recession indicator’?When it comes to food, Caroline Bauldree does not like to “deprive” herself of anything. She does not like to cook either, so that means a lot of food deliveries. “If I want sushi, I’m getting sushi,” said the 24-year-old nanny, who lives in Raleigh, North Carolina. “I’m definitely lazy in that regard.”Bauldree got into the habit of near-daily DoorDashing back in college. “I could order whatever food from whatever restaurant and it showed up at my door – that’s the dream,” she said. “But then I just feel like crap about myself because I’m like, ‘wow, I’m a lazy piece of shit.’ Nine times out of 10, I feel bad about myself.” Continue reading...
theguardian.com
Why are prices so high? Robert Reich answers your questions – Stateside with Kai and Carter
The vast majority of Americans say they are struggling to pay for gas and groceries, and are cutting back on luxuries. But what or who is actually behind these price rises? We asked you to tell us what's gotten too expensive in your own life. Now, Kai Wright and Carter Sherman enlist Guardian columnist and former labor secretary Robert Reich to explain why you’re feeling the pinch. From breaking down the market factors behind the cost of a $16 cheesesteak, to explaining why AI is playing into the price of a Nintendo Switch 2, Reich reveals who you should point the finger at in this economy. Additional music by Epidemic SoundRobert Reich has written this week’s edition of How We Win, a pop-up opinion newsletter with bold ideas for defeating Trumpism. Sign up hereSend us your questions on how the US economy is shaping the US election Continue reading...
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Inside India newsletter: Billionaire Ambani’s mega-IPO faces a valuation reality check amid Musk spat
Jio Platforms, the company at the center of Musk’s remarks, is launching an IPO later this month.
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From 'Dune' to 'Wicker,' how this ‘tiny’ European country became a hub for Hollywood
Hungary, a small country in central Europe, has played a major part in the movie business since the late 19th century.
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‘I introduce myself to anyone who looks a bit jumpy’: a security guard’s take on anti-shoplifting fixes
A professional reveals the most effective tricks of the trade, from a little bit of empathy to hi-tech camerasI’ve run into volatile thieves for years – from opportunistic phone snatchers to people ripping computers off desks and biofuel bandits trying to steal vats of used cooking oil – and every time I file an incident report, I try to make a recommendation for preventive measures.It’s safer to try to avoid a situation where things get physical with a suspected criminal. I don’t want to let my employers down, but I also don’t want anyone to have to go to hospital – myself included. Continue reading...
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Poland’s ascent from communist state to top 20 economy reverses the brain drain
In the final part of our series on the country, Poles tell how wages have soared – along with the cost of livingWill military spending help or hinder Poland’s growth story?Poland’s push for EU energy resilience amid Russian aggressionAbove the rain-soaked streets of Warsaw, the observation deck of the Varso tower overlooks Joseph Stalin’s gift to Poland that has divided opinion for decades.For some, the Soviet-era Palace of Culture and Science is a drunk confectioner’s nightmare; standing as a relic of oppression that should have been demolished. For others, it is an icon on the skyline and a monumental warning from history. Continue reading...
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Thousands of NI workers to get pay bump as Real Living Wage rises
About 6,000 workers in NI are paid the Real Living Wage - which is voluntarily paid to reflect the cost of living.
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The global economy is muddling through against the odds. But a storm is coming | Larry Elliott
Finance ministers gathering for the IMF annual meeting know the need for multilateral cooperation to deal with many crises. There is little chance of thatNot much has gone right for the global economy this year, and plenty has gone wrong. Two big regional wars are destabilising prices and supply chains everywhere. Businesses and consumers are feeling the effects of a serious energy shock. Rising inflation has made it a lot more expensive for governments to finance their debts. China and the US are at loggerheads over trade.Yet, so far, the impact has been modest. It is something of a miracle that the finance ministers and central bank governors gathered for this year’s annual meeting of the International Monetary Fund (IMF) in Bangkok are not having to deal with a full-blown crisis. This is not like the autumn of 2008, when the meetings took place during the worst of the global banking meltdown.Larry Elliott is a Guardian columnist Continue reading...
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A perfect storm: how the super El Niño is devastating the fishing industry
Peru’s anchoveta have made up about a 10th of the entire global commercial fishing catch since 1970, more than any other fish. A combination of warming seas and decades-long overfishing spells disasterOn 10 June 2026, the government of Peru made a decision that it knew would hurt one of the world’s major fishing industries. It stopped all anchoveta fishing boats from going out to sea, suspending the fishing season. At first the order was temporary, but in mid-August, the suspension turned into a total closure. This was no easy call. For one thing, it was a brutal blow to the Peruvian economy.Peruvian anchovies – the scientific name is Engraulis ringens – are not the salty, punch-packing little fillets in a puttanesca sauce or caesar salad dressing. That is a different species – Engraulis encrasicolus – which is smaller, tastier and found mostly in the eastern Atlantic and the Mediterranean. Only a small part of Peru’s anchoveta catch is eaten in fish form. The rest – more than 90% – is immediately processed as fishmeal and fish oil, packed in sacks and barrels, and shipped to fish, shellfish and seaweed farms, factory farms and nutritional supplement producers around the world. Continue reading...
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How backlash against data centres could shape the US midterm elections
Democrats and Republicans alike are coming out against data centre development, amid growing backlash across the US.
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As Christmas rush looms, how do China-made toys find their way to the US?
With the festive season on the horizon, we trace toys from factories in China to US shelves.
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How much is the minimum wage?
What are the National Minimum Wage and the National Living Wage, and how much are they worth?
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Drop-off charges at UK airports to be reviewed after sharp increase
Confirming the review, the government said it was "vital to ensure travel remains accessible and that passengers are treated fairly".
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Netflix to shed 1,000 jobs in steepest cuts since 2022
The cuts equate to around 6% of the streaming giant's total workforce worldwide.
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Toilet paper and secret recorders: What we know about the arrest of the Saudi OpenAI engineer
Abdulrahman Alfozan had worked for the AI giant for more than a year before he was arrested by the FBI.
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US inflation rises more than expected - here's what is happening with prices
The pace of price rises increased to 3.7% in the year to September, driving by higher motor fuel costs.
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Driving test waits fall to two-year low - but still average 20 weeks
Learner drivers in September had to wait an average of 19.7 weeks, or around five months, for a practical test.
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Wayfair among firms fined millions for misleading sales tactics
The Competition and Markets Authority has fined Wayfair, Appliances Direct, and Gold's Gym £6m in total.
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Civil servant faked illness with make-up to juggle five jobs, court hears
Kashim Chowdhury is accused of fraudulently juggling multiple government jobs while working from home.
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Faisal Islam: What surprise praise for UK economy tells us about the Budget
On three occasions in the past 24 hours, top IMF officials have praised UK plans to reduce its annual levels of borrowing.
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'I applied for 200 jobs' - How 'spray and pray' AI job applications can backfire
Graduates are increasingly using AI to misrepresent themselves in job applications, research suggests. But some say their peer group has no choice.
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Hundreds of Royal Mail staff quitting each week under new efficiency plans
The CWU says more posties are leaving since a new delivery system was brought in that it claims is not working in hundreds of offices.
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Energy bills through the roof? Five signs your house is leaking heat
From finding draughts to buying a thermal leak detector – there are simple, cost-effective ways to start sorting heat lossHow to storm-proof your home, from roof tiles to garden fencesPick a day when there is a good breeze, and heat the house to its usual temperature. Then wander around with a candle or smoke pen (about £20). Alternatively, buy a thermal leak detector. This flashes blue for cold, green for normal and red for warm. Continue reading...
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Not building third runway would be 'huge missed opportunity', warns Heathrow boss
Thomas Woldbye tells the Today progamme it would be "good to know" the government's position on the project, after comments made by the prime minister.
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Bank of America hit with $1.2bn fine for money laundering failings
The bank inadequately flagged transactions linked to potential Chinese money laundering networks, the Treasury said.
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How long will humans be needed for translation?
AI dominates the translation business, but for high-stakes work, humans are still needed.
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NI company in talks to save Poundland from administration
Poundland says Martin Property Group from Londonderry is the management team's "preferred partner"
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BT charged me for more than a year despite landline being dead
It is billing £32.99 a month but I have had no functioning phone line since it switched me to Digital VoiceI’ve had no landline since May 2025 when BT switched it to Digital Voice. Weeks passed, and each call to BT involved at least an hour waiting on hold and answering security questions before being passed between departments.Eventually, last December, two engineers were sent and discovered that a wire had been severed during the upgrade. They said they needed a cherry picker to reconnect it to its original location and would return. They did not. Continue reading...
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What are your rights on auto-renew subscriptions?
Martin has advice for listeners caught out by auto-renewing subscriptions, explaining what rights consumers have and whether there's a way to challenge the renewal or cancel.
theguardian.com
UK van drivers face extra £2.5bn in diesel costs this year, figures show
Calls for planned fuel duty rise to be scrapped as analysis finds average fuel bill could hit £1,965, up from £1,294Millions of British van drivers face a combined £2.5bn cost to cover the rising price of diesel this year, according to figures, fuelling calls for the government to scrap its planned fuel duty rise.The owners of diesel vans and pickups can expect to collectively spend almost £8.5bn at the pump this year, according to analysis for the Guardian, after diesel prices climbed to record highs due to a global fuel shortage caused by disruption to refineries in the Middle East and Russia. Continue reading...
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Money Box
What age will you get your state pension?
bbc.co.uk
Why are more roofs not made of solar tiles?
Solar tiles were touted as an attractive alternative to solar panels - why have they not taken off?
bbc.co.uk
How oil-rich Alberta's economy might fare if it broke away from Canada
Albertans vote this month on staying in Canada or moving ahead to a binding independence referendum.
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Rainmakers: The drones used to seed clouds
Cloud seeding is gaining attention as countries look to boost rainfall - will drones help?
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The AI telling farmers when to harvest
Will farmers want AI tools to help judge when to pick fruit, or is their own intuition enough?
bbc.co.uk
The start-ups hoping to return battery making to the US
Batteries based on sodium-ion technology could be made in the US with locally sourced materials.
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My hometown shows that high streets have to change or die
Aberdeen is launching an ambitious bid to revive its struggling centre. Could it offer lessons for other high streets?
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Europe's car makers are in crisis. Will the threat of war rescue them?
Auto executives across Europe hope rearmament can help them flex their industrial muscles once more.
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X-planes: Are they needed in the new era of drones?
Where do America's X-plane projects fit in an era of cheap drones?
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How the oil capital of the US welcomed a solar power boom
Texas is now the country's biggest producer of solar-farmed electricity.
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Spain battles climate change on several fronts
A summer of wildfires and heatwaves underlines the threats to the country's economy.
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The virtual worlds where robots are trained
Training systems that allow robots to negotiate the real world are getting more sophisticated.
bbc.co.uk
Would you buy branded clothing from your favourite tech firm?
Nvidia, OpenAI and Anthropic are all now selling their own limited edition fashion lines.
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Aviation faces hotter, stormier skies – and passengers might have to accept more disruption
Are people going to have to increasingly accept more delays and diversions as the effects of climate change intensify?
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Why the UK is dithering over what to do about e-scooters
Why is it taking so long for the government to regulate them, and what are the consequences of delay?
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Why Gen Z are planning for life without a state pension
Many younger people do not believe the state pension will exist when they are older
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